Wednesday, November 14, 2012

Nifty and bank nifty trading levels.

Nifty trading on Tuesday

Today nifty traded in a tight range with negative bias and closed above the 5700 levels. volume was decreased compared to previous trade. Market breath was negative with 14 advances and 36 declines. Fii’s were net buyers for 18.09 crores. Dii’s were net buyers for 19.07 crores.

Nifty trading on Thursday

Global cues will lead the market on thursday. the 5700 levels will see strong resistant. Be cautious at higher levels. Trading with strict stop loss and sticking to levels is suggested. Book profits with trailing stoploss.

Intraday trading tips-Nifty

Calls Target 1 Target 2 Target 3 stoploss
Buy above 5680 5700 5720 5755 5651
Sell below 5651 5624 5600 5575 5680

Bank Nifty trading on Tuesday

Today bank nifty traded in a tight range with negative and closed above the 11,600 levels. Volume was decreased compared to previous trade. Market breath was negative with 0 advances and 12 declines.

Bank Nifty trading on Thursday

Cautious trading at higher levels is advised. Trading with strict stop loss and sticking to levels is suggested. Book profits with trailing stoploss.

Intraday trading tips-Banknifty

Calls Target 1 Target 2 Target 3 stoploss
Buy above 11,590 11,700 11,794 11,860 11,500
Sell below 11,500 11,400 11,321 11,243 11,590

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